A hybrid capital security that absorbs an issuing bank's losses when its capital falls below a certain threshold. Contingent convertible...

A hybrid capital security that absorbs an issuing bank's losses when its capital falls below a certain threshold. Contingent convertible...

A hybrid capital security that absorbs an issuing bank's losses when its capital falls below a certain threshold. Contingent convertible...

A debt (usually in the form of bonds/ CoCo bonds) that can convert to equity, or can be written-down, when...

It stands for contingent convertible debt; a debt (usually in the form of bonds/ CoCo bonds) that can convert to...